End of tax year – one day left!

By Kirsten Hastings, 4 Apr 18

Investors and savers have just one day left to take advantage of the current tax exemptions and benefits before new rules come into force in the UK on 6 April.

Make use of the Isa allowance

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Any unused Isa allowance cannot be carried forward into the next tax year, so if you don’t use your allowance before 6 April it is lost.

Savers can invest a maximum of £20,000 ($28,117, €22,877) into an Isa – including stocks and shares and cash Isas. They are exempt from UK income tax and capital gains tax.

The allowance can be split between a cash and stocks and shares Isa or paid into just one.